DC economy shows progress
Those looking at homes for sale in Washington, DC, might be in for a major treat thanks to the work of a local nonprofit organization. The Washington Informer reports the DowntownDC Business Improvement District (BID), a not-for-profit group that handles capital improvements and research in the community, noted the district showed employment and population growth in the past 12 months.
The group's annual State of Downtown report showed the DowntownDC and Golden Triangle BIDs provided roughly $846 million in local tax and other revenue, and these pay a net fiscal benefit that can be used for standard public school budgets and other social programs, the news source notes.
Some of the report's highlights include a 2.2 percent in DC employment and the addition of 16,000 new residents over the past year. DowntownDC BID chairman Steven Jumper told the news source that two capstone projects - Phase I of CityCenterDC and the Marriott Marquis convention center headquarters hotel - could help transform the area, creating 4,600 permanent jobs and adding about $50 million to the local economy this year.
It's an exciting time for DC residents as the economy progresses, and people can search among a large selection of homes to join this expanding metro.